COSCO Shipping Specialized Carriers plans to invest up to 2.624 billion yuan to build eight 60,000-tonne multipurpose heavy-lift vessels

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COSCO Shipping Specialized Carriers announced on September 29 that the company will commission Dalian COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, through its wholly owned subsidiary COSCO Shipping Hong Kong Investment Development or an affiliated enterprise, to build eight 60,000-tonne multipurpose heavy-lift vessels, with a total construction price excluding tax of no more than 2.624 billion yuan. The company said the transaction will further develop and optimize the capacity of its multipurpose heavy-lift fleet, promote the healthy development of the fleet structure, and provide quality services to customers. According to calculations, the project has an internal rate of return of about 6.64 percent and a static payback period of 12.51 years, offering relatively good economic benefits.

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COSCO Shipping Heavy Industry's Dalian subsidiary wins the order to build eight 60,000-tonne multipurpose heavy-lift vessels for COSCO Shipping Specialized Carriers.